Skip to main content

GREATER TORONTO REALTORS® REPORT LATEST MONTHLY RESALE MARKET FIGURES - January 2014

TORONTO, February 5, 2014 – Home ownership in the Greater Toronto Area remains affordable and
there are many people looking to purchase a home. In January, the number of homes listed for sale was
down quite strongly compared to last year, which means that it was difficult for some buyers to find a
home.

Greater Toronto Area REALTORS® reported 4,135 sales through the TorontoMLS system in January
2014. This result was down by 2.2 per cent in comparison to January 2013. New listings entered into the
system were down over the same period by 16.6 per cent to 8,822.

“Looking forward, it is possible that strong price growth, and therefore an increase in home equity, will act
as a trigger for more households to list their homes for sale. This is especially the case for households
whose life styles are changing, including those with an expanding family looking for a larger home or
empty nesters looking to downsize,” said Dianne Usher, President, Toronto Real Estate Board.

The average selling price for January 2014 sales was $526,528 – up by more than nine per cent

compared to $482,080 in January 2013.

 “The pace of price growth will remain strong in 2014. Similar to last year, competition between buyers for
singles, semis and town homes in the City of Toronto and surrounding regions will continue to exert
upward pressure on selling prices. At the same time, mortgage rates will remain near historic lows, so
despite strong price growth, home ownership will remain affordable for the average household in the
GTA,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. 

Comments

Popular posts from this blog

ANOTHER ABSOLUTE STUNNER IN BAYVIEW VILLAGE

If You're Looking For A Bright & Spacious Bungalow That's Move-In Ready, This Is It! Warm & Inviting From The Moment You Step Inside. Thousands Spent In Upgrades Including: Updated Baths, Kitchen, Stainless Steel Appliances, HVAC & Walk Out To Private Side Yard Covered Deck w/BBQ & Natural Gas Line. A Spectacular Family Room Addition w/ Vaulted Ceilings & Extra Large Sliding Windows Sets This Bungalow Apart From Others. Separate Entrance To Finished Basement With Oversized Above Grade Windows That's Easy To Convert To An In-Law Suite, Tons Of Built In Storage, Hardwood Floors Thru-Out, Double Car Garage, 2 Fireplaces & More. Steps To TTC, Parks, Shopping & Schools. Earl Haig School District. This Is A Must See!!!! Please don’t hesitate to contact us, we’re happy to answer any questions you have.  Jason Walker  |   Realtor 416-930-3301 | 1jawalker@gmail.com

Ordering Picture Frames Online

Thanks to smartphone technology, it's now possible to send your favourite photographs and images off to a professional framing house, without leaving your home or risking damage to a precious print. All you need is a good quality digital photograph or image from your phone or camera that you can email or file transfer. In some cases, depending on the facility (and copyright laws), you may also be able to provide a high-resolution image of artwork for framing. Of course, the higher the resolution you can send, the better the quality of the results you'll receive.  But, that's just the beginning. Before committing to a particular frame, you can now use a frame service's app to test-view your photo, poster or art in position with an entire inventory of virtual framing and matting arrangements. You can try different combinations until you find the one that works best for you. You can even see how an individual piece looks on your wall or plan out an entire collage or galler

TRREB MLS® Sales-to-New Listings Ratio April 2023